Laurus Labs Q4 net profit zooms 160.18% at Rs 292.78 cr
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The company reported standalone net profit of Rs 292.78 crore for the quarter ended March 31, 2021 as compared to Rs 112.53 crore in the same period last year, registering a year-on-year growth of 160.18 per cent. Net revenue of the company rose substantially by 68.68 per cent at Rs 1,398.74 crore in January-March quarter of this fiscal as against Rs 829.23 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 47.12 per cent to Rs 936.29 crore from Rs 636.42 crore in year ago period. Other Income grew by 250.92 per cent at Rs 5.72 crore versus (Mar'20 Rs 1.63 crore).
Operating Profit surged by 139.85 per cent to Rs 462.45 crore as against Rs 192.81 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 42.19 per cent in March quarter. Interest grew by 3.79 per cent y-o-y to Rs 21.06 crore, while Taxation increased by 530.94 per cent at Rs 103.60 crore (Mar'20 Rs 16.42 crore).
